Brownstein Client Alert, April 1, 2009
On March 23, 2009, the Treasury Department (the "Treasury") finalized the details of the long awaited Public-Private Investment Partnerships for the creation of Public-Private Investment Funds ("PPIFs"). These PPIFs are designed to stimulate the secondary market for the purchase of troubled legacy loans and legacy securities currently held on the books of numerous financial institutions. This summary is provided to help guide clients through the goals of the Public-Private Partnership Investment Program, its requirements, and provide background on many of the guaranties and subsidies currently offered to those wishing to participate.
Click to read more about the public-private investment program.